10.10.2013 - State-owned pension fund to cash in EUR600 mln for re-investment in the Republic

The State’s national pension fund is cashing in €600 million in overseas assets as part of a plan to reinvest the money in the Republic. The Government intends to reinvest the €6.4 billion available in the National Pension Reserve Fund (NPRF) in infrastructure and commercial projects in the Republic over the next few years, under proposals announced in June.
According to a number of reports, the NPRF is in the process of putting €600 million worth of holdings in overseas private equity ventures on the market and has hired multi-national bank, UBS to sell the portfolio...............................................Full Article: Source